Master Tec Group Bhd has announced a proposed transfer from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd.
The proposed transfer, which comes less than two years after the group’s debut on the ACE Market in January 2024, is anchored by its strong profitability, solid balance sheet and compliance with the equity and listing requirements set by the Securities Commission Malaysia and Bursa Securities.
Based on its latest financial year ended Dec 31, 2024 (FY24) results, Master Tec posted a profit after tax attributable to owners of the company (PATAMI) of RM27.01 million.
“Over the past three financial years (FY22-FY24), the group achieved a combined adjusted PATAMI of RM73.3 million, far surpassing the RM20 million minimum threshold for Main Market listing eligibility.
As at May 15, 2025, Master Tec’s public shareholding spread stood at 26.34%, meeting Bursa Securities’ public float requirement.
Executive Director Tee Kok Hwa said the proposed transfer is a reflection of the strength and resilience of the group’s business model.
“This move aligns with our long-term strategy to elevate our market presence, deepen institutional investor engagement and tap into broader capital market opportunities.
“The transfer will further boost stakeholder confidence and support the group’s efforts to capitalise on national infrastructure investments and Malaysia’s energy transition agenda,” he added.
The group’s shares closed at RM1.06 on May 30, giving it a market capitalisation of RM1.08 billion
